RiverSound was under the control of the original developer, Waterfront Group LLC, from initial development of Phase I of RiverSound community in 2007 until the developer declared bankruptcy and was unable to proceed with development of the 300 lots planned for Phase II. Waterfront Group LLC turned over control of the Property Owners Association to the Phase I owners in January 2014. The land where 300 lots were planned for Phase II was purchased by another developer who proceeded to develop the land as 57 "farmettes” instead of 300 small lots. Those 57 farmette owners became members of the RiverSound Property Owner Association upon purchase of their properties in 2016 and 2017, together with the original 225 Phase I owners, establishing a total POA membership base of 282 lot owners.
The RiverSound Property Owners Association Inc. Elected Lee M. Quick of Virginia Beach, Virginia as President and Guy Shaneybrook of Edenton, North Carolina as Vice President, and James Butts Jr. of West Virginia as Treasurer in 2014.
When the Board of Directors assumed control of the POA from the original developer, building permits were not available due to the lack of a functional wastewater treatment facility. The Board discovered that the bonding company that was supposed to be overseeing the completion of the wastewater treatment facility was not completing the work according to previously approved specifications. Other inferior work was also uncovered with respect to the roadwork. After developing incontrovertible evidence of these transgressions, the Board sought a legal remedy and was able to recover $1.85 million from the bonding company. Part of these funds have been used to redesign and complete construction of the wastewater treatment facility and the remainder of the funds have been wisely invested for improvement of the asphalt roads in Phase I as well as pursuit of various amenities to be enjoyed by all residents and their guests. Building Permits are now readily available.
RiverSound POA assesses dues in a reasonable amount consistent with its financial obligations and spends money prudently. The Association is financially stable and has an independent review of financial operations conducted annually and an independent audit every three years. The POA Board works closely with County, and State officials, as well as the professional service providers, contractors, and maintenance people to assure that the community is being developed and maintained to the highest standards.
RiverSound’s gated community of approximately 1,000 acres includes a number of pristine waterfront lots of various sizes with spectacular views, four community fishing piers, a family playground, two decorative ponds, six miles of paved roads, a double-wide bulkheaded boat ramp, and a community picnic area with charcoal grilles and a clubhouse (with restrooms) which can be reserved for family events. RiverSound is proud to say that it is the only development in Chowan and surrounding counties that provides the opportunity for an active, healthy lifestyle that includes biking, walking, fishing, crabbing, kayaking, and boating with Albemarle Sound access... all this available to property owners behind the gates of a protected community. The ubiquitous Cypress trees growing along the waterline, and the majestic eagles frequently seen overhead, only add to the grandeur!